Post Utme Christopher University 2023 Accounting Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2023 Accounting Objective / Multiple Choice

Question 5 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following trial balance: Debit ₦400,000, Credit ₦500,000. What is the correct treatment for the difference?

Answer Options

Correct Answer A. Debit the difference to the Profit and Loss Account

B. Credit the difference to the Profit and Loss Account

C. Debit the difference to the Capital Account

D. Credit the difference to the Capital Account

Correct Answer

Correct Option:

Debit the difference to the Profit and Loss Account

About This Question

This is Post Utme Christopher University 2023 Accounting Question 5. It is one of the objective questions from the 2023 Post Utme Christopher University Accounting examination.

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